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EVERMAY ESTATE IN GEORGETOWN
What's impeding our market?
Georgetown hasn't escaped the slow-down in real estate sales which is in evidence across the U.S. But as we begin the recovery, each locality will have a different pace of recovery. And every locality has its own challenges. In Georgetown we have been fortunate with the job market and fewer foreclosure issues. Our biggest impediment is extremely tight credit, and very strict lending guidelines. In the Atlanta area, the big drag is distressed sales. Paul Brower, ABR, GRI, of Harry Norman, REALTORS®, in Marrietta, says the market is improved over last year and is expected to improve even more in 2011, but the metro area is trying to absorb the addition of 1,500 foreclosed properties each month. Until that overhang starts to ease, he says, the market can’t decisively turn around.
I have been a Realtor for 27 years, 25 as the manager of a real estate office, and 20 of those as the manager of the Georgetown Office. I have worked through several real estate cycles, problem-solved with innumerable real estate transactions and supervised thousands of sales cases. One of my greatest pleasures is to share the knowledge I have acquired over these 27 years.